US Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting at the Federal Reserve Board Building in Washington, DC, on March 18, 2026. The US Federal Reserve kept interest rates unchanged Wednesday as expected, in defiance of President Donald Trump as the world's largest economy battles stubborn inflation, weak labor demand and an "uncertain" economic outlook due to the war in Iran. The Fed's 11-1 vote kept rates steady at a range between 3.50 percent and 3.75 percent, with officials flagging one expected rate cut by the end of the year. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell arrives for a press conference following the Federal Open Market Committee meeting at the Federal Reserve Board Building in Washington, DC, on March 18, 2026. The US Federal Reserve kept interest rates unchanged Wednesday as expected, in defiance of President Donald Trump as the world's largest economy battles stubborn inflation, weak labor demand and an "uncertain" economic outlook due to the war in Iran. The Fed's 11-1 vote kept rates steady at a range between 3.50 percent and 3.75 percent, with officials flagging one expected rate cut by the end of the year. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

WASHINGTON, DC - MARCH 18: Senate Homeland Security and Governmental Affairs Committee Chairman Rand Paul (R-KY) presides over the confirmation hearing for U.S. Sen. Markwayne Mullin (R-OK) to be the next Secretary of the Department of Homeland Security in the Dirksen Senate Office Building on Capitol Hill on March 18, 2026 in Washington, DC. President Donald Trump nominated Mullin to replace Kristi Noem as DHS Secretary. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - MARCH 18: U.S. Sen. Markwayne Mullin (R-OK) testifies during his confirmation hearing to be the next Secretary of the Department of Homeland Security in the Dirksen Senate Office Building on Capitol Hill on March 18, 2026 in Washington, DC. President Donald Trump nominated Mullin to replace Kristi Noem as DHS Secretary. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - MARCH 18: Senate Homeland Security and Governmental Affairs Committee Chairman Rand Paul (R-KY) (L) and ranking member Sen. Gary Peters (D-MI) speak during the confirmation hearing for U.S. Sen. Markwayne Mullin (R-OK) to be the next Secretary of the Department of Homeland Security in the Dirksen Senate Office Building on Capitol Hill on March 18, 2026 in Washington, DC. President Trump nominated Mullin to replace Kristi Noem as DHS Secretary. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - MARCH 18: Senate Homeland Security and Governmental Affairs Committee Chairman Rand Paul (R-KY) (L) and ranking member Sen. Gary Peters (D-MI) question U.S. Sen. Markwayne Mullin (R-OK) during his confirmation hearing to be the next Secretary of the Department of Homeland Security in the Dirksen Senate Office Building on Capitol Hill on March 18, 2026 in Washington, DC. President Trump nominated Mullin to replace Kristi Noem as DHS Secretary. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - MARCH 18: Senate Homeland Security and Governmental Affairs Committee Chairman Rand Paul (R-KY) questions U.S. Sen. Markwayne Mullin (R-OK) questions during his confirmation hearing to be the next Secretary of the Department of Homeland Security in the Dirksen Senate Office Building on Capitol Hill on March 18, 2026 in Washington, DC. President Trump nominated Mullin to replace Kristi Noem as DHS Secretary. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - MARCH 18: Senate Homeland Security and Governmental Affairs Committee Chairman Rand Paul (R-KY) questions U.S. Sen. Markwayne Mullin (R-OK) questions during his confirmation hearing to be the next Secretary of the Department of Homeland Security in the Dirksen Senate Office Building on Capitol Hill on March 18, 2026 in Washington, DC. President Trump nominated Mullin to replace Kristi Noem as DHS Secretary. (Photo by Chip Somodevilla/Getty Images)